PROJECT RECEIVABLES & COLLECTIONS EXECUTIVE

About the Company: Rajesh Power Services Limited is a leading turnkey EPC partner in the power transmission and utility sector, specializing in extra-high-voltage (EHV) underground cabling, sub-stations, and advanced O&M; services up to 220 kV. Recognized for its end-to-end design, execution, and diagnostic capabilities for top state utilities and private clients, the company combines proven technical expertise with cutting-edge technologies like Industrial IoT to deliver reliable, class-leading infrastructure solutions.

Role Summary: We are looking for an experienced Payment Collection Specialist with around 5 years of experience in an EPC / Infrastructure / Power Transmission & Distribution company. The candidate will be responsible for driving project-wise receivables and timely payment collection from customers, coordinating closely with Project, Billing, Commercial, Finance and Client teams. The role requires strong follow-up skills, commercial understanding and the ability to independently track payments from RA bills, milestone bills, advances, retention money, variation claims, final bills and other project receivables.

Key Responsibilities: Project Receivables Management •

Monitor project-wise outstanding receivables and maintain an updated ageing report. •

Track all invoices/RA bills from submission to certification and payment. •

Prepare customer-wise and project-wise collection plans. •

Identify overdue payments and develop action plans for recovery. •

Ensure systematic follow-up until payment is credited. Billing & Certification Follow-up •





Coordinate with Project/Billing/Commercial teams to ensure timely submission of bills. •

Follow up with clients for: •

Bill acceptance •

Measurement Book / Joint Measurement •

Engineer/Consultant certification •

Invoice processing •

Payment approvals •

Track reasons for pending certification or payment and resolve bottlenecks. Client Coordination •

Develop solid working relationships with client Finance, Commercial, Purchase, Project and Accounts Payable teams. •

Regularly communicate with client representatives regarding outstanding payments. •

Visit client offices whenever required for payment follow-up and resolution. •

Escalate critical payment issues to senior management. Deductions & Disputes Track deductions relating to: •

Retention •

TDS •

GST •

LD •

Mobilisation advance recovery •

Material recovery •

Penalties •

Other contractual deductions •

Coordinate with Project/Contracts teams to resolve disputed deductions. •

Maintain a deduction and dispute tracker and ensure timely closure. Retention & Final Bill Recovery •

Maintain separate tracking of retention money, security deposits and final bills. •





Monitor project completion milestones and initiate release of retention/security amounts. •

Coordinate with Project and Commercial teams for completion certificates and documentation required for final payment. Advance & BG-Linked Receivables •

Track mobilisation advances and their recovery from bills. •

Monitor Bank Guarantees / Performance Guarantees related to payment release. •

Coordinate with Finance and Project teams for BG extension/release wherever required. MIS & Management Reporting Prepare weekly/monthly reports covering: •

Total outstanding receivables •

Current vs overdue receivables •

Project-wise ageing •

Client-wise outstanding •

Bills submitted but not certified •

Certified but unpaid bills •

Retention outstanding •

Final bill outstanding •

Disputed amounts •

Expected collections for the next 30/60/90 days •

Collection achieved vs target

Qualifications: Required •

Bachelor’s degree in Commerce (B.Com), Finance, Business Administration (BBA), or a related discipline. •

5 years of direct experience in EPC / Infrastructure / Power / Construction industry. •

Strong experience in project receivables and payment collection. •

Experience dealing with large corporate/government/utility clients. •

Good understanding of RA Bills, certification, retention, advances, deductions and final bills. •

Strong follow-up and negotiation skills. Software Proficiency •

Strong MS Office Suite skills.

Employment Type:

Full-Time

Location:

Ahmedabad, Gujarat

📌 Project Receivables & Collections Executive (Mumbai)
🏢 Rajesh Power Services
📍 Mumbai